Television

Q3-2014: HT Media Fever FM’s operating profit three times a year ago

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BENGALURU: HT Media Limited’s Fever 104 FM radio business reported its operating profit in the third quarter ended 31 December, 2013 at Rs 7.79 crore was over three-times a year ago and was up 66.1 per cent from a quarter ago.

In the nine months ended 31 December, 2013, Fever’s operating profit at Rs 16.15 crore was two-and-a-half times a year ago. Fever’s consolidated operating profit was Rs 7.40 crore in 2012-13.

HT Media’s Fever 104 FM operates radio stations in Mumbai, Bangalore, Kolkata and Delhi.

HT Media’s core business –  Printing and Publishing of Newspapers and Periodicals -- saw operating profit grow 2.6 per cent to Rs 85.93 crore in the third quarter of 2013-14 from Rs 83.78 crore a year ago. The printing and publishing business’ operating profit in the third quarter was up 44.5 per cent from Rs 59.48 crore a quarter ago.

In the nine months ended 31 December, 2013, printing and publishing business’ operating profit rose 16.2 per cent to Rs 226.87 crore from Rs 195.28 crore a year ago. In 2012-13, HT Media’s Printing & Publication segment reported consolidated operating profit of Rs 263.69 crore.

HT Media reported a growth of 6.1 per cent in Q3-2014 consolidated income from operations to Rs 573.04 crore from Rs 540.25 crore in Q3-2013 and a growth of 8.8 per cent from Rs 526.83 crore in Q2-2014.

In the nine months ended 31 December, 2013, HT Media’s consolidated operating Income rose 7.1 per cent to Rs 1,632.1 crore from Rs1,524.45 crore a year ago. In 2012-13, HT Media’s consolidated operating income was Rs 2015.99 crore.

HT Media’s consolidated total expenses in the third quarter rose 5.2 per cent to Rs 506.53 crore from Rs 481.58 crore a year ago and 2.8 per cent more than Rs 492.61 crore a quarter ago.

In the nine months ended 31 December, 2013, the company’s consolidated total expenses rose 5.6 per cent to Rs 1,483.95 crore from Rs 1,405.27 crore a year ago. In 2012-13, the company’s total consolidated expenses were Rs 1,857.26 crore.

HT Media’s consolidated PAT in Q3-2014 at Rs 67.02 crore was 25 per cent more than Rs 53.61 crore a year ago and 15.2 per cent more than Rs 58.18 crore a quarter ago. HT Media’s PAT in the nine months ended 31 December, 2013 was Rs 172.69 crore, up 35.4 per cent more than Rs 127.57 crore a year ago. The company’s PAT for 2012-13 was Rs 167.65 crore.

Segment Figures

HT Media’s Printing & Publishing segment saw 4 per cent rise in consolidated operating revenue in Q3-2014 to Rs 533.53 crore from Rs 513.04 crore in the corresponding quarter of last year and an increase of 7.6 per cent from Rs 495.85 crore in Q2-2014. YTD, the segment’s Operating revenue grew by 4.9 per cent to Rs 1523.96 crore from Rs 1452.85 crore in the corresponding nine month period of last year. During FY 2013, the segment reported revenue of Rs 1919.95 crore.

Radio (Fever) reported revenue of Rs 26.67 crore for Q3-2014, which was 24.9 per cent more than the Rs 21.35 crore in Q3-2013 and 20.4 per cent more than the Rs 22.16 crore in Q2-2014. YTD, revenue of Rs 70.24 crore was 17.3 per cent more than the Rs 59.87 crore in the corresponding nine month period of last year. During FY 2013, the segment reported revenue of Rs 78.3 crore.

HT Media’s Digital segment saw operating revenue growth of 41.7 per cent to Rs 19.54 crore in Q3-2014 from 13.79 crore in Q3-2013 and a growth of 9.71 per cent as compared to the Rs 17.81 crore in Q2-2014. YTD, this segment grew 38.9 per cent to Rs 54.4 crore from Rs 39.16 crore in the corresponding nine month period of last year. During FY 2013, the segment reported revenue of Rs 53.77 crore.

Loss from HT Media’s Digital segment fell (14.2) per cent to Rs (7.6) crore in the current quarter from Rs (8.86) crore in Q3-2013 and was (26.1) per cent lower than the Rs (10.29) crore in Q2-2014. However, YTD, the Digital segment’s loss of Rs (34.93) crore was higher by 14.4 per cent as compared to the Rs (30.54) crore in the corresponding nine month period of last year. During FY 2013, the segment reported loss of (38.56) crore.

Unallocated segment revenue was Rs 3.62 crore in Q3-2014; Rs 1.16 crore in Q3-2013; Rs 2.55 crore in Q2-2014; Rs 8.81 crore YTD as compared to the Rs 5.27 crore in the corresponding nine month period of last year. For FY 2013 Unallocated segment revenue was Rs 8.97 crore. Loss from this segment was: Rs (11.37) crore in Q3-2014; Rs (12) crore in Q3-2013; Rs (11.84) crore in Q2-2014; YTD Rs (35.18) crore as compared to the Rs (28.51) crore in the corresponding nine month period of last year. For FY 2013, Unallocated segment reported loss of Rs (41.31) crore.

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